ORGANIZATION AND ACCOUNTING POLICIES (Tables)

9 Months Ended

Jun. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUMMARY OF STOCK OPTIONS OUTSTANDING

During the nine months ended June 30, 2019 and 2018, the following stock options, which vest one year after grant date, were granted under our Stock Option Plan:

Date of Grant	Number of Employees	Number of Shares (in thousands)	Option Price		Expiration Date
1/10/19	1	65	$	12.86	1/10/27
12/10/18	12	385	$	13.64	12/10/26
1/3/18	1	65	$	17.80	1/3/26

SCHEDULE OF STOCK OPTIONS, VALUATION ASSUMPTIONS

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions used for grants in the fiscal year indicated:

	Fiscal 2019			Fiscal 2018
Dividend yield		5.03	%		3.82	%
Expected volatility		17.17	%		16.45	%
Risk-free interest rate		2.88	%		2.37	%
Expected lives (years)		8			8
Estimated forfeitures		0			0